The Game with Alex Hormozi Volatility vs. Risk | Ep 533
“Wealth is not a number, it’s a ratio.” Today, Alex (@AlexHormozi) talks about a conversation he had with one of his salespeople on how they can increase their wealth by knowing the difference between volatility and risk as well as some practical plans of action that are way more fulfilling than what people think ultra-wealthy is all about.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.
Timestamps:
(1:58) - Don’t listen to people poorer than you & volatility vs. risk
(5:13) - have a strong income-to-expense ratio.
(7:29) - Pay off high-interest cards, dollar cost averaging, and acquisition channel
(12:24) - Track, don’t slack. Look at your bank account every day.
(14:35) - Recap of action plan
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(This episode is a re-run. Original airdate was May 18, 2021)